Vitol Dominates Northwest Europe Jet Fuel Market in May

Vitol has dominated the northwest Europe market this month, importing 534,000 tons, or 48% of jet fuel tracked into the region, according to the OPIS Tanker Tracker.

That included a rare 35,000-ton cargo from Cuba. The oil trader also loaded 34,000 tons shipped from the Latvian port of Ventspils, while Kuwait Petroleum discharged 140,000 tons into the U.K. in May.

Jet fuel imported into northwest Europe this month is tracked at 1.115 million metric tons (about 8.8 million bbl) on 19 tankers, with an additional 304,000 tons also shipped to the region's Mediterranean ports, tracker data show.

The total imported to Europe during May tallies 1.459 million tons, and compares to 1.713 million tons seen in April.